Off-price retailers aren’t too worried about tariffs

Quick Summary:

Among the many advantages that stores like TJX, Ross and Burlington have over mainstream retail companies: some protection from protectionism.

To the extent that they are forced to grapple with any fallout from tariffs, off-price retailers tend to come from a strong position in the market.

Burlington, for example, this year will have directly imported about 8% of its merchandise, the vast majority from China, so that “well over 90% of our buys are on merchandise where we are not directly paying the tariff,” Chief Financial Officer Kristin Wolfe told analysts last week.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United StatesChina

Topics: Burlington Analysts Prices Tariffs Off-price Marshalls Tariff Retail Merchandise Last Retailers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 09:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 969 words

Reading Time: 6 minutes read

Sentences: 29 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 24120518

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